The Dark King
Well-Known Member
You live in a world of unapplied theory. I agree on paper it works but that's only if honest actors exist that's if greed is put in check and monopolies arent allowed but that is not what's happening.That's the thing. If we quit going back to Reganomics. Keynesian economics is all we need.
If we have accommodate all this unbridled greed then lets get something for it. Green new deal make it attractive as fuck to build wind farms and use renewable energy. The same way we make it easy for oil subsidies lets do that for algae and solor. At least we get something that supports life and doesn't destroy it. Robots are coming for everyone's job fine lets live like the fucking Jetsons but lets tax the hell out of those companies so we can get free college and UBI so our economy doesnt collapse. I make my money investing and I won't put my capital into any industry if we suddenly have a swath of people who consume goods because there are no jobs. I'm more inclined to either live in a gated community or somewhere remote where the poor and starving can't get what I have.
We have to restructure these conversations around what's coming opposed to what always has been or could have been.
We need free college if no other reason to keep a work force who has money to spend on goods and services rather hyper inflated student loans that are toxic to the economy.
This is me giving some very valuable opinions (this is not financial advise since I am not a CFP licensed outside of the state of NY)
There are huge wins coming if you have the capital and almost everyone can participate and enjoy massive abundance but not with this incremental baby step by baby step approach that rewards short sighted market manipulations.
Markets play the game but policy sets the rules. What do we need the rules to be in order for the game not to destroy us in the process. If we keeping playing as is look forward to a feudal society again where the common person owns nothing and can only move up if they fight for the interest of the rich.
Since economic wealth will be set since consumers have been pretty much replaced then winning and losing won't be determined by the best and most efficient ways to consume but by land acquisition by war.